is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist

Deere Enters Leasing Deal for Equipment Sales to Russia

Russian producers can now lease the green equipment under a deal announced this week between Deere and Rosagroleasing. Compiled by staff

As Russia works to increased its farm productivity, growers there can turn to at least one familiar U.S. name for equipment. Deere & Company announced this week it has entered an agreement with Rosagroleasing of the Russian Federation to offer equipment leasing to Russian producers.

The agreement provides up to $25 million for leasing of John Deere ag equipment. Customers can lease the equipment for up to five years.

The is the first time that Rosagroleasing has borrowed money for the purchase of foreign-made ag equipment. According to a press statement, the move reflects improvements in the Russian economy and the country's enthusiasm for the U.S. maker's equipment. As one Rosagroleasing official notes: "This [leasing arrangement] will help many Russian farms to replace their aging fleets and will increase their productivity."

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish